Waberer's International Nyrt. · BET:WABERERS
Waberer's International Nyrt — Q1 2021 Earnings Presentation
14 slides from Waberer's International Nyrt's earnings presentation, May 10, 2021
Slide 1: Q1 2021 Results Presentation
Q1 2021 Results Presentation WABERER’S INTERNATIONAL Nyrt. Budapest, 10 May 2021
Slide 2: Forward-looking statements
Forward-looking statements This presentation may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefor
Slide 3: Agenda
Agenda | Results of Turnaround on Group level and on ITS segment level, major challenges | Group Finances |3
Slide 4: Key messages
Key messages I. Successful company turnaround continues – 3rd consecutive positive and Q-by-Q growing recurring EBIT II. Positive reported Group EBIT (EUR 4.5 mn) and Net Income (EUR 2.7 mn) – Highest values since 2017 III. Positive reported ITS HU & PL EBIT in March – Further finetuning of operatio
Slide 5: Results of Company turnaround
Results of Company turnaround Group recurring EBIT (EUR mn)1 2018: EUR – 1.3 mn 2019: EUR – 11.0 mn 2020: EUR 2.1 mn 3.5 4.5 3.2 3.3 0.7 1.2 0.1 -0.6 -2.7 -1.7 -2.7 -5.9 -8.6 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Group net indebtedness & leverage (EUR mn)2 Net
Slide 6: Results of ITS Hungary turnaround
Results of ITS Hungary turnaround Recurring EBIT – ITS Hungary1 (EUR mn) New Tradelane model since H2 2020 Pre-covid period in 2020 (Jan – March) 2019 2020 2021 +2.7 -2.3 -4.1 -5.0 -5.4 -6.0 -6.0 -6.8 -8.5 -9.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Net revenue/truck/month– ITS Hungary2 (EUR k) 2019 Pre-covid p
Slide 7: Current external operational challenges
Current external operational challenges Risk Segment Actions Long term effect • Day-to-day monitoring of • Depends on the number of further ITS, changing regulations of countries waves of pandemic & and its effect COVID19 RCL & partners on European macroeconomic • Providing vaccination for changes e
Slide 8: Agenda
Agenda | Results of Turnaround on Group level and on ITS segment level, major challenges | Group Finances |8
Slide 9: Group Results
Group Results Group Revenue (EUR mn) • Stable Group revenue compared to last quarter and decreased by 18% compared to Q1 2020 due to the fleet size optimization at ITS segment during 2020 -18% -1% 174 • Group recurring EBIT 143 142 • reached EUR 4.5 mn - highest annual value since 2017 • increased b
Slide 10: Segment results
Segment results ITS Stabilized revenue with improving performance at ITS (EUR mn) Effect of fleet cut versus 2020 Q1 Reached positive EBIT in March 2020 -27% +1% 2.5 2.3 Stable revenue & impressive Y-oY EBIT improvement at RCL 111 Stable operation with loyal customer base; 81 81 -1.9 Low
Slide 11: Income statement
Income statement Group selected income statement items (IFRS 16 (1), EUR mn) 2021 2020 Better/(worse) 2020 Better/(worse) Q1 Q4 (%) Q1 (%) Revenue 142,3 143,0 (0,5%) 173,8 (18,1%) Direct Costs (1) (112,4) (111,1) -1,2% (144,4) 22,1% Gross profit (recurring) 29,9 32,0 -6,5% 29,4 1,5% OPEX(1) (13,3) (
Slide 12: Group Balance Sheet and Cash Flow
Group Balance Sheet and Cash Flow Selected balance sheet items (unaudited IFRS, EUR mn) 31 March 2021 \\ 31 March 2021 31 December 2020 31 March 2020 after reclassification Total Non-current Assets 321.6 321.6 324.0 375.3 Total Current Assets 176.3 176.3 174.9 195.1 Total Assets 497.9 497.9 499.0 57
Slide 13: Business Development directions of core segments
Business Development directions of core segments Value added services with Decrease carbon footprint of higher margin instead of price Optimisation of operational costs Waberer’s service portfolio based competition Focus on Tier1 customers’ special needs in service, geographical Dedicated & value ad
Slide 14: Thank you for your attention!
Thank you for your attention! WABERER’S INTERNATIONAL Nyrt. H-1239 Budapest, Nagykőrösi út 351. Tel: +36 1 421 6300 E-mail: investor.relations@waberers.com
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